Impala Platinum records 17% output increase in Q1 2016
Thursday, 28 April 2016 14:28
During the first quarter of 2016, miner Impala Platinum produced 353,000 ounces of platinum, up 17% from 301,000 ounces in Q1 2015.
The increase is mainly due to higher output at its Zimbabwean mine which produced 89,000 oz during the quarter, compared to 52,000 oz over the same period last year. Moreover, the firm had good results at its Marula and Two Rivers Mimosa mines, in South Africa, which, in addition to volumes provided by Impala Refining Services (IRS) increased Impala’s platinum output by 32.9%.
However, the company also had some major drawbacks. Out of a total of six deaths, Implats recorded two deaths at Impala Rustenburg and one at Mimosa.
The firm plans this year to produce 1.42 million ounces of refined platinum at an average cost of R22500/oz.
Impala operates, in Zimbabwe, the Ngezi mine in which it detains a 30% stake. The Johannesburg-based company contributes 22% of platinum produced worldwide.
Louis-Nino Kansoun
Live News
-
Malawi in Talks With Ericsson on Digital Training and Rural Connectivity
16:26
-
Fido Money Expands Instant Loan Services in Ghana and Uganda
16:24
-
Nigerian Start-Up Laskenta Expands AI Solutions for SMEs
16:11
-
Paris Festival Celebrates Generations of Maghreb Women Filmmakers
16:10
-
Algeria Taps Sonatrach to Align Job Training With Industry Needs
15:52
-
Safaricom Turns to Ericsson to Strengthen Kenya’s 5G Network Capacity
15:42
-
Senegalese Executive Pape Wade Builds AI-Driven HR Platform in Montreal
14:57
-
Cameroon to Pitch Investment Opportunities at Commonwealth Trade Summit in April
12:15
-
Cameroon to Send Over 500 Firms to China’s Canton Fair to Source Industrial Machinery
12:04
-
Cameroonian startup Sparte Robotics unveils autonomous marine drone for port surveillance
11:45
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
Malawi, Ericsson discuss telecom and digital training partnership Talks held during Mobile World Congress in Barcelona Discussions include...
Algeria’s vocational training ministry and state oil company Sonatrach plan to develop new industry-focused training programs. The initiative...
Safaricom has signed a new deal with Ericsson to expand microwave links supporting its 5G network. The partnership also includes AI-driven...
Tamini General Insurance has launched operations as Uganda’s first Islamic insurer. The company offers Takaful, a risk-sharing model aligned with...
March is marked by festivals, conferences, workshops and other events celebrating women. In March 2026, a film program is dedicated to female directors...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...